#BTC Current Price Range: Bitcoin is trading around $116,870, with its intraday high near $117,117 and low at about $111,761.

24 h Movement: Bitcoin rallied approximately +3.5% to +4% over the past day.

Recent Peak & Pullback: In early August, BTC had climbed above $124,000 before a correction pulled it back to the low $112K–$113K range.

Volatility & Trader Behavior: Following Fed Chair Powell’s dovish signals, Bitcoin rebounded from a $111,800 support zone up to about $114,800, partly triggered by leveraged short positions being liquidated—contributing to roughly $375 million in crypto derivatives liquidations across BTC and ETH.$BTC